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The Financial Characteristics of Commercial Banks Involved in Interstate Acquisitions
Author(s) -
Meric Gulser,
Leveen Serpil S.,
Meric Ilhan
Publication year - 1991
Publication title -
financial review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.621
H-Index - 47
eISSN - 1540-6288
pISSN - 0732-8516
DOI - 10.1111/j.1540-6288.1991.tb00370.x
Subject(s) - business , principal (computer security) , finance , variance (accounting) , multivariate analysis of variance , financial system , accounting , statistics , computer science , mathematics , operating system
This paper studies the financial characteristics of commercial banks involved in interstate acquisitions by using the multivariate analysis of variance and principal components analysis statistical techniques. Our results show that the financial characteristics of the acquired banks are not significantly different from the financial characteristics of comparably sized nonacquired banks. However, our findings indicate that there are significant differences between the financial characteristics of the acquiring banks and comparably sized nonacquiring banks. Our findings also indicate that there are significant differences between the financial characteristics of the acquiring banks and the acquired banks.